BNB Rises 0.88% as Ethena Labs Launches Stablecoins on BNB Chain

BNB's latest price was $596.87, up 0.884% in the last 24 hours. Ethena Labs has made a significant breakthrough by officially launching its stablecoins, USDe and sUSDe, on the BNB Chain as of April 4th. This strategic deployment enables users to engage in trading, lending, and saving directly within the BNB ecosystem. The assets are now accessible on notable platforms including Pendle, PancakeSwap, and Venus Protocol, which are pivotal in the decentralized finance (DeFi) landscape. The introduction of USDe and sUSDe represents a promising expansion for Ethena Labs, enhancing liquidity options for investors and traders alike. Furthermore, as the DeFi sector expands, these innovations could have a substantial impact on the overall cryptocurrency market. By integrating Ethena’s stablecoins into prominent platforms, users are presented with new opportunities for asset management and yield optimization.

In a significant development, BNB Chain, in partnership with YZi Labs and CMC Labs, has revealed the 16 pioneering projects selected for the 9th season of the Most Valuable Builder (MVB) Acceleration Program. This season’s emphasis is on crucial sectors such as AI, DeFi, and DePIN, amongst others. Participating teams will engage in an intensive four-week incubation program, which includes potential investment backing from YZi Labs. A pivotal event scheduled for April 5-6 coincides with the Hong Kong Web3 Festival, where project teams will engage directly with mentors and investors from the BNB Chain ecosystem, discussing vital aspects like tokenomics and fundraising strategies. The 16 selected projects are BitGPT, Datai Network, Echopy, Eurexa AI, Everlyn, JoJoWorld, Super Protocol, TermiX, BitFi, LIKWID, XPIN, Stadium Science, Citadel Labs, Oneverse, TCOM Global, and Pieverse. BNB Chain Business Development Lead Sarah S stated, "MVB has provided a key bridge to connect early-stage teams with industry resources, and we look forward to supporting projects with long-term potential through incubation."

Binance has launched a new Launchpool and BNB page to simplify airdrop tracking. The Launchpool page has been redesigned to improve usability and provide a more efficient user experience. Users can now easily track upcoming and ongoing airdrop projects and clearly understand token allocations. Key updates include push notifications, optimized navigation, holder airdrops, subscribe to earn, and configuration overview. The new BNB page provides a comprehensive view of airdrop opportunities as well as an overview of the benefits of holding BNB on Binance. Key features include utility overview, airdrop overview, and historical earnings.